With things moving so fast, EEF have launched a weekly Economic Update to keep members up-to-date on the week's most important news.
Here is a snap shot of the key economic data releases this week...
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↓ Industrial output
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The decline in UK industrial production accelerated in the three months to January, as output fell by 5.6%.
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| ↓ House prices |
RICS house price survey showed the house price balance fell to -78.3 in February.
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| ↓ Retail sales |
Total retail sales declined by 1.8% y-o-y in February, according to the British Retail Consortium.
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| ↓ Imports and exports |
The trade deficit widened to £3.6bn in January as the decline in exports (-5.4%) was greater than the decline in imports (-1.2%).
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| ↓ Inflation expectations |
The BoE Inflation Attitudes survey showed that public’s expectations for inflation had fallen in the last three months - to the lowest since May 2005.
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